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Investments

Investment

In recent years the FSM congregation has moved from being just a socially responsible investor and became a mission-driven one. The congregation has always avoided doing harm by refusing to invest in companies engaged in businesses that conflict with the sisters’ Catholic and Franciscan values (e.g., producers of abortifacients, nuclear weapons, etc.).  The congregation also has engaged in shareholder advocacy by filing shareholder resolutions and voting proxies in a socially responsible manner.

In 2011, to the congregation’s Mission, “to be the presence of the loving, serving, compassionate, healing Jesus,” was added the Focus of compassionate care of Creation in collaboration with others. Guided by this Mission and Focus, in 2012 the congregation integrated Mission (Impact) Investments into its investment program. For the Franciscan Sisters of Mary, this meant $10 million of investment capital would be allocated to funds, enterprises and projects that generate an environmental and social impact in addition to financial returns.

With the addition of investments in clean energy generation and financing, conservation forestry, waste reduction and sustainable agriculture, in 2014 the congregation went full circle and fully divested from fossil fuel producers and the "Filthy Fifteen," which are the largest producers and users of coal. In doing so the Franciscan Sisters of Mary joined a growing number of mission-driven institutions that have divested from fossil fuels and invested in climate change solutions.

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